Home: Message List - Secured credit card!?

Re: Secured credit card!?

creditguy — Mon, 10 Mar 2008 23:57:09 GMT

The payment is set to the minimum of interest only. See the payment calculations on the site. After an initial payment of $750, your minimum payment is less than $40. You can pay any additional amount you want to pay toward principal, which is the reflected on the corresponding deposited loan proceeds.

Re: Secured credit card!?

Dereshki — Mon, 10 Mar 2008 22:45:11 GMT

yeas, but the matter is the monthely payment is too much for 12 month. ( about 2000$) I am able to pay about 1000$ -1500$ per month.

Re: Secured credit card!?

creditguy — Mon, 10 Mar 2008 22:43:38 GMT

The note has a 12 month term, but you can renew it each year if you like. The APR is 4.9%. There are no other fees.

Re: Secured credit card!?

Dereshki — Mon, 10 Mar 2008 22:41:06 GMT

Nice, but i can pay it in few years? like 2 or 3 years? How much is the fees?

Re: Secured credit card!?

creditguy — Mon, 10 Mar 2008 22:34:18 GMT

Yes, your corporation may borrow, using its EIN only, with no personal guarantee from you. You need only sign as the officer of the corporation. A copy of your passport will be needed. You can borrow $25,000. to hold on deposit, and return it when you want. Corporate loans report to D&B and to Experian Business Credit.

Re: Secured credit card!?

Dereshki — Mon, 10 Mar 2008 22:26:32 GMT

Ok...If i dont have ITIN number i can use your loaner system? ( using Tax ID of my corp )
May i pay for exemple on 2 or 3 years? (25k in 3 or 2 years )
Thank

Re: Secured credit card!?

creditguy — Mon, 10 Mar 2008 22:08:13 GMT

I am not familiar with the firm you mention. the firm I mentioned is simply a lender, not some kind of credit wizard. They don't charge anything but interest on loans. Using an ITIN will not prevent you from borrowing in the US, even from BofA or Wells.

Re: Secured credit card!?

Dereshki — Mon, 10 Mar 2008 19:58:11 GMT

Hi...
I dont want be impolite, but i know Us system from few month, and it had many fake things. A loat of peopel propose credit, but he just take my money. I see your website, but i dont understand few things. for the moment am trying to build my business credit with http://www.bcscredit.com/company/contact.php
I pay them about 3500 $, and for the moment he did nothing. so i dont want pay another company to build my credit if it's not sure. For the moment i dont have ITIN, am going to get it in few time.

Re: Secured credit card!?

creditguy — Mon, 10 Mar 2008 19:04:44 GMT

Incorrect.

Your individual Tax ID Number will work instead of a SSN. This is true with many lenders.

There is nothing "fake" about the money we lend, nor the money lent by bofa and other banks through this operation. Let's keep things polite and professional please.

Re: Secured credit card!?

Dereshki — Mon, 10 Mar 2008 17:29:44 GMT

Off curse i have a business adress, with number on 411.com ( Dereshki, Inc. )
i have a residential address, and i am going to file my corporate 1120 form for IRS and send to him my personal tax, and get a ITIN.